×
In

Updated on: September 24, 2026 / 5:17 PM EDT / CBS News

\n\n

Among the various proposals for bolstering Security is raising the retirement age at which Americans can claim full benefits. One lawmaker instead wants to lower it.

\n\n

Rep. Haley Stevens, a Michigan Democrat, on Thursday introduced the Blue Collar Social Security Fairness Act, which would reduce the retirement age for workers in construction, nursing, manufacturing and other physically demanding jobs to age 60. That would allow them to claim full Social Security benefits seven years earlier than they can under the law today.

\n\n

Currently, Americans born after 1960 may claim full Social Security benefits at age 67. Workers may start collecting as soon as they turn 62, but with a 30% reduction in benefits (the benefits cut gradually decreases each year between ages 63 and 66).

\n\n

Stevens has said that lowering the retirement age for blue-collar workers is necessary to help those who may struggle working into their 60s, given that such jobs are often physically demanding.

\n\n

"Michiganders who work with their hands shouldn't be forced to wait until their bodies give out to retire," she said in a statement on Thursday in unveiling the legislation in Washington, D.C.

Original source: https://www.cbsnews.com/moneywatch/

Leave a Reply

Your email address will not be published. Required fields are marked *

Author

seoexperts1994@gmail.com

Related Posts

In

How to get the Nike x One Piece collection in the US

Collabs and merchandise inspired by "One Piece," the Japanese manga later adapted into an anime, seem to be everywhere. Next up is...

Read out all
In

How a culture of care makes Fairway Home Mortgage a top workplace

Julie Fry is often asked why she works at Fairway Home Mortgage. After all, the mortgage industry isn't known for glitz, glamour...

Read out all
In

California sheriff unlawfully seized over 650,000 ballots and must return them, state Supreme Court rules

Updated on: September 24, 2026 / 12:48 PM PDT / CBS LA The California Supreme Court ruled Thursday that Riverside County Sheriff...

Read out all
In

Are gold bars or gold coins a better investment for you?

Gold coins and gold bars are the two most common ways to invest in physical gold. Both can store value and act...

Read out all
In

Netanyahu says “shame on you” to Mamdani, claims “Jews no longer feel safe in New York”

September 24, 2026 / 3:52 PM EDT / CBS News Washington — Israeli Prime Minister Benjamin Netanyahu berated New York City Mayor...

Read out all
In

Why the bond market is freaking out, and what it means for your money

September 24, 2026 / 3:08 PM EDT / CBS News The bond market is flashing red. The yield on the 30-year Treasury...

Read out all